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Businesses that integrate robots see profits fall in the short term, study finds

E&T

The team studied industry data from the UK and 24 other European countries between 1995 and 2017 and found that, at low levels of adoption, robots have a negative effect on profit margins. However, at higher levels of adoption, robots can help to increase profits. We wanted to know whether there is a similar pattern with robotics.”

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Movers & Shakers – Edwin Olson, Co-founder & CEO, May Mobility, Inc.

Frost & Sullivan Manufacturing

Edwin Olson earned a PhD from MIT in 2008 in Computer Science and Electrical Engineering, and is on leave from the University of Michigan, where he is a Professor of Computer Science. Olson has worked on autonomous vehicles for over a decade, including work on the 2007 DARPA Urban Challenge and vehicles for Ford and Toyota Research Institute.

Form 52
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Navigating the future

Manufacturer's Monthly

In 2008, Xavier Orr was digging deep into the world of neural networks in his final year of artificial intelligence studies at the University of Western Australia. Today, the Australian-based company is making moves in the futuristic worlds of self-driving cars, aerial drones, space launch vehicles and robotics.